Ct 1041 Form PDF Details

Navigating the complexities of estate planning and trust management can be a daunting task, particularly when it comes to fulfilling tax obligations. The Form CT-1041 for the State of Connecticut plays a crucial role in this process, serving as the Connecticut Income Tax Return for Trusts and Estates. This form is essential for administrators of both resident and nonresident estates, full-year and part-year resident trusts, as well as for various types of trusts including simple, complex, and grantor trusts. It captures a wide array of financial activities, from Connecticut taxable income and tax deductions to credits for income taxes paid to other jurisdictions. Additionally, the form outlines specific instructions for attaching supporting documents such as W-2s, certain 1099s, Schedule CT K-1, and more, to ensure accurate reporting and compliance. The form also addresses unique situations such as amendments, final returns, and the requirements for electronic filing, reflecting the diverse needs and circumstances of estates and trusts. With its comprehensive structure, Form CT-1041 plays a vital role in the tax preparation process, enabling fiduciaries to accurately calculate and report the income tax owed to the State of Connecticut, thereby avoiding penalties and ensuring the trust or estate's compliance with state tax laws.

QuestionAnswer
Form NameCt 1041 Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesSubtractions, ct 1041, form ct 1041, CT-1041C

Form Preview Example

Staple W-2s, W-2Gs, certain 1099s, and Schedule CT K-1 here.

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Department of Revenue Services

Form CT-1041

2008

State of Connecticut

(Rev. 12/08)

Connecticut Income Tax Return for Trusts and Estates

CT-1041

 

 

For residents, nonresidents, and part-year residents

Complete this form in blue or black ink only. Read the complete instructions in the Form CT-1041 instruction booklet before completing this form.

For calendar year 2008, or other taxable year beginning

______________________, 2008, and ending _______________________, ______

 

 

 

 

 

 

 

 

 

 

 

 

Name of trust or estate

 

 

 

 

Federal Employer Identifi cation Number (FEIN)

 

 

 

 

 

 

 

 

 

 

__ __ __ __

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

__ __ __ __ __

Name

Name and title of fi duciary

 

 

 

 

DRS use only

 

 

 

 

 

 

 

 

 

 

 

 

 

– 20

and

 

 

 

 

 

 

 

 

 

Address

Address of fi duciary

 

Number and street

 

 

PO box

Decedent’s Social Security Number (SSN): For estates only

 

 

 

 

 

 

 

 

 

__ __ __ __

 

 

 

 

 

 

 

 

 

__ __ __

__ __

 

 

City, town, or post offi ce

State

 

ZIP code

Check applicable box:

 

 

 

 

 

 

 

 

 

 

Final return

Amended return

 

 

 

 

 

 

 

 

Check here if you meet the Form CT-1041 Quick-File Requirements. See Quick-File Requirements on Page 13.

 

 

 

 

 

Check here if you checked any of the boxes on Form CT-2210, Part 1.

 

 

 

 

 

 

 

 

 

 

 

 

 

Resident

Date trust was created or, for an estate, date of decedent’s death:

_______________________________

 

 

 

If estate was closed or trust terminated, enter date:

_________________________________

 

 

 

 

 

Status

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check applicable box:

Resident estate

 

Full-year resident trust

Part-year resident trust

 

 

 

 

Nonresident estate

 

Nonresident trust

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Type of

Check applicable box:

Decedent’s estate

 

Bankruptcy estate

Simple trust

Complex trust

 

 

 

Pooled income fund

Grantor type trust fi ling federal Form 1041

 

 

 

 

Entity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indicate if:

Trust was created by the will of a decedent

Inter vivos trust: Complete Question A, on reverse.

 

 

 

 

 

 

 

 

 

Full-year

1.

Connecticut taxable income of fi duciary from Schedule CT-1041C, Line 14, or to

 

 

 

 

 

 

Resident

 

Quick-File, see federal Form 1041, Line 22.

 

 

 

 

 

1

 

 

00

only

2.

Connecticut income tax multiply Line 1 by 5% (.05).

 

 

 

 

2

 

 

00

 

 

 

 

 

 

 

Nonresident

3.

Allocated Connecticut income tax from Schedule CT-1041FA, Part 1, Line 12, for

 

 

 

 

 

00

Part-year

 

nonresident estates, nonresident trusts, or part-year resident trusts only.

 

 

3

 

 

 

4.

Credit for income tax paid to qualifying jurisdictions by resident estates, resident

 

 

 

 

 

 

 

 

trusts, or part-year resident trusts only: See instructions.

 

 

 

 

4

 

 

00

 

5.

Subtract Line 4 from Line 2 or Line 3. See instructions.

 

 

 

 

5

 

 

00

Computation

6.

Connecticut alternative minimum tax from Form CT-1041, Schedule I, Part I, Line 23

6

 

 

00

of Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

Add Line 5 and Line 6.

 

 

 

 

 

7

 

 

00

 

 

 

 

 

 

 

 

 

8.

Adjusted net Connecticut minimum tax credit from Form CT-8801

 

 

 

8

 

 

00

 

9.

Connecticut income tax: Subtract Line 8 from Line 7.

 

 

 

 

9

 

 

00

 

10.

Connecticut income tax withheld: Attach supporting documents. See instructions.

 

 

10

 

 

00

Payments

11.

All 2008 estimated tax payments and any overpayment applied from a prior year

 

 

11

 

 

00

12.

Payments made with extension request (on Form CT-1041 EXT)

 

 

 

12

 

 

00

 

13.

Total payments: Add Lines 10, 11, and 12.

 

 

 

 

 

13

 

 

00

 

14.

If Line 13 is greater than Line 9, enter amount overpaid. Subtract Line 9 from Line 13.

14

 

 

00

 

15.

Amount of Line 14 you want to be applied to your 2009 estimated tax

 

 

15

 

 

00

 

16.

Balance of overpayment: Subtract Line 15 from Line 14.

 

 

 

 

16

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

Refund or

17.

Reserved for future use.

 

 

 

 

 

17

 

 

 

18.

Amount to be refunded: Enter the amount from Line 16.

 

 

 

 

 

 

 

 

 

 

Refund

18

 

 

00

Amount

 

 

 

 

Due

19.

If Line 9 is greater than Line 13, enter the amount of tax you owe. Subtract Line 13 from Line 9.

19

 

 

00

 

 

 

 

20.

If late, enter penalty. See instructions.

 

 

 

 

 

20

 

 

00

 

21.

If late, enter interest. See instructions.

 

 

 

 

 

21

 

 

00

 

22.

Interest on underpayments of estimated tax from Form CT-2210

 

 

 

22

 

 

00

 

23.

Amount due: Add Lines 19 through 22.

 

 

Amount you owe

23

 

 

00

Due date for calendar year filers: April 15, 2009

Make check payable to: Commissioner of Revenue Services

Mail to: Department of Revenue Services, State of Connecticut, PO Box 2934, Hartford CT 06104-2934

It is not necessary to attach federal Form 1041 or federal Schedule K-1. Write the FEIN of the trust or estate and “2008 Form CT-1041 on the check. The Department of Revenue Services (DRS) may submit your check to your bank electronically.

For electronic filing options visit the DRS website at www.ct.gov/DRS and select the Taxpayer Service Center (TSC) image in the left tool bar.

Taxpayers must sign declaration on reverse.

Schedule A - Connecticut Fiduciary Adjustments: See instructions.

Additions

1.Interest on state and local government obligations other than Connecticut

2.Mutual fund exempt-interest dividends from state or municipal government obligations other than Connecticut

3.Loss on sale of Connecticut state and local government bonds: Enter as a positive number.

4.Connecticut income tax payments deducted in determining federal taxable income prior to deductions relating to distributions to beneficiaries

5.Other (Specify) __________________________________________________________________

6.Total additions: Add Lines 1 through 5.

1

2

3

4

5

6

00

00

00

00

00

00

Subtractions

 

 

 

7.

Interest on U.S. government obligations

7

 

00

 

 

 

 

 

8.

Exempt dividends from certain qualifying mutual funds derived from U.S. government obligations

8

 

00

9.

Gain on sale of Connecticut state and local government bonds

9

 

00

10.

Refunds of Connecticut income tax

10

 

00

11.

Other (Specify) __________________________________________________________________

11

 

00

12.

Total subtractions: Add Lines 7 through 11.

12

 

00

13.

Connecticut fi duciary adjustment: Subtract Line 12 from Line 6. This amount may be positive or

 

 

 

 

negative. Enter on Schedule CT-1041B, Part 1, Line f, Column 5.

13

 

00

 

 

 

 

 

Resident estates or full year resident trusts, except for those that meet the Quick-File Requirements, must attach Schedule CT-1041C and, if applicable, Schedule CT-1041FA.

Questions

A.If the trust is an inter vivos trust, enter name, address, and Social Security Number of grantor:

____________________________________________________________________________________________________

B.If you checked “Part-year resident trust” on the front of this return, enter the date on which the trust became irrevocable: _________________________________________________

C.Does the trust or estate have an interest in real property or tangible personal property located in

Connecticut?

Yes

No

 

 

 

Completed CT-1041 schedules must be attached to the back of Form CT-1041 in the following order unless the trust or estate meets the Quick-File Requirements.

1.Schedule CT-1041B

2.Schedule CT-1041C

3.Schedule CT-1041FA

4.Schedule I

Also attach the following, if applicable:

1.Form CT-8801;

2.Forms W-2, W-2G, 1099, and Schedule CT K-1 if Connecticut income tax was withheld or the tax withheld will be disallowed; and

3.Copies of all income tax returns filed with qualifying jurisdictions or the credit for income taxes paid to a qualifying jurisdiction will be disallowed.

Declaration: I declare under penalty of law that I have examined this return (including any accompanying schedules and statements) and, to the best of my knowledge and belief, it is true, complete, and correct. I understand the penalty for willfully delivering a false return or document to the DRS is a fine of not more than $5,000, or imprisonment for not more than five years, or both. The declaration of a paid preparer other than the taxpayer is based on all information of which the preparer has any knowledge.

Sign

Signature of fi duciary or officer representing fiduciary

Date

Telephone number

 

 

(

)

Here

 

 

 

 

 

 

Keep a

Paid preparer’s signature

 

Preparer’s Tax Identifi cation Number (PTIN) or SSN

 

 

 

 

copy of

 

 

 

 

this return

 

 

 

 

Firm’s name and address

 

FEIN

 

for your

 

 

 

 

 

 

records.

 

 

 

 

 

 

 

 

 

 

 

Telephone number

 

 

 

(

)

 

 

 

 

 

Check this box if you used a paid preparer and do not want forms sent to you next year.

This does not relieve you of your responsibility to file.

Form CT-1041 Back (Rev. 12/08)